A general competitive equilibrium:
A)must lie on the production contract curve.
B)requires the input prices to be equal to the respective marginal productivities.
C)can be attained only if the inputs are perfectly substitutable.
D)is attained at a point where two isoquants intersect each other.

Question

Quizplus · Accepted Answer

The Answer of A general competitive equilibrium:
A)must lie on the production contract curve.
B)requires the input prices to be equal to the respective marginal productivities.
C)can be attained only if the inputs are perfectly substitutable.
D)is attained at a point where two isoquants intersect each other.

A General Competitive Equilibrium